Air India is inviting bids for Government Guaranteed INR STL totalling to Rs 1,000 crore to meet its urgent working capital requirements, the airline said in a tender document issued on June 5.
IANS
Updated:June 7, 2018, 11:31 PM IST
Representative image. (Reuters)
The airline has called for financial bids by June 13.
“Air India is inviting bids for Government Guaranteed INR STL totalling to Rs 1,000 crore to meet its urgent working capital requirements,” the airline said in a tender document issued on June 5.
“The tenure of the loan will be for one year (renewable) from the date of availing the STL. The amount of Rs 1,000 crore will be drawn in June’ 18 in one or more tranches.”
“The government of India guarantee is presently valid for one year.”
Also Watch
-
Forbes 2018: Run-Machine Virat Kolhi Among World’s Highest Paid Athlete
-
Thursday 07 June , 2018 Suniel Shetty Talks About Fitness And His Mission To Make India Fit
-
Thursday 07 June , 2018 Here’s why BJP is reaching out to its allies
-
Thursday 07 June , 2018 Ramadan 2018: Non Muslims Learn About How Ramzan Is Observed In Old Delhi
-
Wednesday 06 June , 2018 Operation Blue Star 1984: What Happened inside Golden Temple 34 Years Ago
Source: News18